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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mj Hudson Group Plc | LSE:MJH | London | Ordinary Share | JE00BJTLYP93 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.125 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Mar 2022 to Mar 2025
TIDMMJH
RNS Number : 9710Q
MJ Hudson Group PLC
24 February 2023
MJ Hudson Group plc
(the "Company", "Group" or "MJ Hudson")
Loan Agreement
MJ Hudson Group plc (AIM:MJH), the specialist service provider to the asset management industry, announces that, on 23 February 2023, the Company reached an agreement with its existing Senior Lender to provide a short term overdraft facility in total of GBP1.5m in order to provide the Company with working capital while it undertakes the current sales process. The short term facility will bear 5% interest plus the Bank of England's base rate per annum, plus additional fees as agreed with the Senior Lender.
As part of the arrangement the Company's former CEO and founder, Matthew Hudson, has agreed to provide the Company with a shareholder loan of GBP100,000. The loan is subordinate to the Senior Lender and carries the same interest rate. The loan and interest can only be repaid when Santander has agreed to its repayment in writing.
As Mr Hudson is a substantial shareholder, his loan represents a related party transaction. The directors consider, having consulted with the Company's Nominated Adviser, Cenkos Securities, that the terms of the loan are fair and reasonable insofar as its shareholders are concerned.
For further information, please contact:
MJ Hudson Group plc
Geoff Miller, Executive Chairman
Cenkos Securities plc (Nomad and Broker)
Giles Balleny
Stephen Keys
Callum Davidson
+44 20 7397 8900
Buchanan (PR Adviser)
Chris Lane
Jack Devoy
George Cleary
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END
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(END) Dow Jones Newswires
February 24, 2023 02:33 ET (07:33 GMT)
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